Berg Insight, www.berginsight.com, a dedicated M2M/IoT (Internet of Things) market research firm based in Sweden, has released its latest research report with some new predictions about the M2M and IoT markets.
The new report suggests the number of cellular M2M subscribers increased 23% this year. The total number of subscribers—as of the end of 2015—is expected to be about 265.2 million. Also in 2015, Berg says East Asia was the largest regional market (90.4 million M2M subscribers), followed by Western Europe (59 million) and North America (52.5 million).
Berg’s report highlights trends such as what the analyst firm calls the “rapid transformation” of the wireless M2M/IoT networking technology landscape. For instance, Berg points to the fact 2G networks are being retired in favor of more efficient technologies, such as 4G. The firm also highlights advancements in the LTE (long-term evolution) standard that better accommodate M2M devices with low data requirements.
Looking ahead, Berg says the new NB-IoT (narrowband-IoT) standard, a new global standard for low-power wireless communication based on mobile network infrastructure that was accepted by the 3GPP, www.3gpp.org, in December and is due for publication in January, will be important in boosting innovation and adoption of the IoT in the next three to five years.
In fact, Berg predicts that during the next five years, the installed base of cellular M2M devices will grow at a CAGR (compound annual growth rate) of 22.9%, eventually reaching 1 billion cellular M2M subscribers by 2022.
Want to tweet about this article? Use hashtags #M2M #IoT #BergInsight #research #predictions #networking #2G #4G #LTE #standard #data #NBIoT #narrowband #lowpower #wireless #mobile #infrastructure #3GPP #innovation #cellular